Question

What Is Historical Cost?

Answer 1

A historical cost is a measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company. The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP).

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Answer 2

Explanation:

Cultural heritage tourism is a branch of tourism oriented towards the cultural heritage of the location where tourism is occurring